Shark Investments (Scotland) Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Shark Investments (Scotland) Ltd for the year ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Shark Investments (Scotland) Ltd for the year ended 30 September 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Shark Investments (Scotland) Ltd , as a body, in accordance with the terms of our engagement letter dated 25 February 2015. Our work has been undertaken solely to prepare for your approval the accounts of Shark Investments (Scotland) Ltd and state those matters that we have agreed to state to the directors of Shark Investments (Scotland) Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shark Investments (Scotland) Ltd and its directors, as a body, for our work or for this report.

It is your duty to ensure that Shark Investments (Scotland) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Shark Investments (Scotland) Ltd . You consider that Shark Investments (Scotland) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Shark Investments (Scotland) Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

5th December 2025

Gillespie's Fife

Accountants

Fric Ajax Way

Methil

Leven

KY8 3RS

Page 1

Page 2

Shark Investments (Scotland) Ltd

Balance Sheet

As At 30 September 2025

Balance Sheet

Registered number: SC223482

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets			358		478
Investment Properties	4		700,000		880,000

			700,358		880,478
CURRENT ASSETS
Debtors	5	500,246		500,214
Cash at bank and in hand		306,154		106,084

		806,400		606,298
Creditors: Amounts Falling Due Within One Year	6	(40,111 )		(76,439 )

NET CURRENT ASSETS (LIABILITIES)			766,289		529,859

TOTAL ASSETS LESS CURRENT LIABILITIES			1,466,647		1,410,337

PROVISIONS FOR LIABILITIES
Deferred Taxation			(68 )		(91 )

NET ASSETS			1,466,579		1,410,246

CAPITAL AND RESERVES
Called up share capital	7		1,002		1,002
Profit and Loss Account			1,465,577		1,409,244

SHAREHOLDERS' FUNDS			1,466,579		1,410,246

Page 2

Page 3

Shark Investments (Scotland) Ltd

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr James Brydie

Director

5th December 2025

The notes on pages 4 to 6 form part of these financial statements.

Page 3

Page 4

Shark Investments (Scotland) Ltd

Notes to the Financial Statements

For The Year Ended 30 September 2025

Notes to the Financial Statements

1. General Information

Shark Investments (Scotland) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC223482 . The registered office is Spencerfield Lodge, By Hillend, Dunfermline, Fife, KY11 9LA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Page 4

Page 5

Shark Investments (Scotland) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Investment Property

	2025
	£
Fair Value
As at 1 October 2024	880,000
Disposals	(180,000 )

As at 30 September 2025	700,000

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	246	214
Other debtors - loans	500,000	500,000

	500,246	500,214

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	4,924	10,166
VAT	1,682	5,154
Other creditors	5,000	5,000
Accruals and deferred income	16,506	17,306
Directors' loan accounts	11,999	38,813

	40,111	76,439

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,002	1,002

8. Directors Advances, Credits and Guarantees

Included within creditors are the following loans received from the directors:

	As at 1 October 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 September 2025
	£	£	£	£	£
Mr James Brydie	38,813	40,000	13,186	-	11,999

The above loan is unsecured, interest free and repayable on demand.

9. Related Party Transactions

Included in Debtors is a loan of £500,000 to Spencerfield Capital Ltd, a company in which James Brydie is also a director.

Page 5

Page 6

Shark Investments (Scotland) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

10. Controlling Party

The company's ultimate controlling parties are Mr James Brydie, Mrs Faye Brydie, Mr Greg Brydie and Mrs Lorraine Brydie by virtue of their combined ownership of 100% of the issued share capital in the company.

Page 6